Compliance & Regulation

A legal safe harbor designed to protect lenders that make qualified mortgage loans from consumer lawsuits is likely to expose institutions to potentially even greater liability.

For the time being it does not appear that a no commission policy would provide greater latitude than a reduced commission policy.

The 9th U.S. Circuit Court of Appeals said Wells Fargo was required under the Federal Home Affordable Modification Program to offer mods to those borrowers who demonstrated their eligibility during a trial period.

New York State's chief banking regulator is tightening the screws on banks that lend to landlords, increasing the requirements for Community Reinvestment Act credit.

We're hearing about mortgage servicing problems from both the CFPB and John McDermott.

Tanya Eastwood, managing director of Greystone’s Affordable Housing Initiatives group, has been elected to the Council for Affordable and Rural Housing board of directors.

The North Las Vegas City Council unanimously rejected a plan to use eminent domain to seize underwater mortgages.

Financial institutions are on the lookout and preparing to fight new mortgage repurchase demands from the government-sponsored enterprises now reviewing files from as far back as 2002.

In August asking home prices increased 11% year-over-year but only 1.2% month-over-month and 3.1% quarter-over-quarter.

Four people in Wichita, Kan., have pleaded guilty to participating in a mortgage fraud that cost lenders more than $221,000.